(b) Calculate the profit margin and gross profit rate. (Round answers to 0 decimal places, e.g. 15%.) Profit margin Gross profit rate eTextbook and Media List of Accounts Save for Later % % Att

(b) Calculate the profit margin and gross profit rate. (Round answers to 0 decimal places, e.g. 15\%.) Profit margin % Gross profit rate % eTextbook and Media List of Accounts Current Attempt in Progress In itsincomestatement for the year ended December 31, 2022, Skysong. Inc, reported the following condensed data. (a) Your answer is correct Prepare a multiple-step incomestatement. (List other revenues before other expenses) Sales Sales Revenale $ 1944800 Soles Discounts 140800 Net Sales $ 18040C Covt of Coods Sold 86856093544 Operating Expenses Salaries and Wages Experme Depreciation Evpense valities Expeme TotalOperatine Expecses 409200 272800 96800 Income From Operations 778800 Oher Revenuesand Gains 156.64